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11-29-2007 ES Chart - Spydertrader

The decision you have made to avoid the simulator does not represent the best possible choice. While I understand, as an adult, you remain free to follow whatever path you deem best, your decision provides a recipe for disaster. When learning to trade, one must master two demons. The first...

On my charts, Price created an Outside Bar at 9:45 AM. Even if you didn't have the Outside Bar, Price did return to the Dominant Direction of the Carryover Channel. Now, we do see this every once in a while (Greater than expected volatility on a certain Level of Volume.) One need look no...

One could very easily view the 10:10 AM Bar as decreasing red. Decreasing red in an up Channel indicates a retrace. Decreasing Red in a down channel indicates lateral movement. The same works for the opposite direction - decreasing black in a down channel indicates a retrace and decreasing black...

You may wish to review the chart I posted earlier. Price broke the RTL of the Blue channel on the next bar (10:10 AM) - which showed decreasing black Volume. Spike bars often contain significant amounts of both dominant and non-dominant Volume. By mentally 'splitting' the bar in half, you...

Understand the differences which take place when Price breaks the RTL, and how those differences effect both the trend and the channel. (In other words, did Price break the RTL on increasing or on decreasing volume?) Good Trading to you. - Spydertrader

What benefit results from drawing tapes using a formation? When one has a formation, one knows** the direction of the Break Out, and that direction IS the right side of the market. As such, drawing tapes which include the BO Bar creates a far simpler method of knowing when the right side of the...

Nope. I just kept on extending the Lateral Formation Lines. when the lateral first began, I certainly did not anticipate it would continue for so long. In fact, I even went to lunch in the middle, only to return and see Price holding steady within the formation. Based on your description, it...

11-28-2007 ES Chart - Spydertrader

Yes. I only use these servers. CTRL + ALT + N gives you the server lists. Double click on one of the above to reconnect to a superior datafeed. - Spydertrader

Once you receive your initial sort from the Stocktables.com web site, then you want to cull for the rest of the Fundamental Parameters (e.g. float, Postive EPS, etc.). This reduces the number of potential candidates significantly and saves you time running them through the Wealth-lab scans. Once...

1. If you have traded from the long side only, then I encourage you to add short trades to your arsenal. 2. To renew your confidence, check out the Final Universe stocks which hit 'Unusual Volume' levels while Price rockets downward. You should find improved Money Velocity occurring on the...

11-27-2007 ES Chart - Spydertrader

Ironic isn't it. This bill appears to now make a crime that which founded the nation. Saying 'no' to taxation without representation seemed like a pretty radical idea at the time. Without a doubt, had this bill made it into law in the mid 1800's, calling for the end of the practice of slavery...

If you drift out on low Volume, then the market has spoken loud and clear. - Spydertrader

As we have seen throughout the past several years, The Friday After Thanksgiving 'half day' often creates larger than normal numbers of Dry Up stocks. Keep this in mind for Monday Morning. - Spydertrader

The market tells us if we have correctly contained Price within our channels. One need look no further for confirmation on correct fanning than the market itself. Numerous examples exist each day showing how the channel has changed, but the trend did not. This occurs on every fractal, resolution...

This might sound a bit silly, but the answer is, because those were the instructions given in the Oddiduro Thread. - Spydertrader

I'd act on both signals - short and long. I place very little emphasis on the 'overall' market with respect to buying or selling stocks when using the methods discussed here. - Spydertrader

If you do not monitor the five minute ES and the two minute YM, then by definition, you haven't compared the two futures contracts properly with respect to the instructions provided within these many pages. - Spydertrader.